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IFN Indonesia Forum 2022

Islamic Asset & Wealth Management: Pakistan

Pakistan came into inception about 50 years ago. However, it remained confined to public sector entities until the early 1990s. The first mutual fund was launched in 1962 when the National Investment (Unit) Trust was set up. In the early 1990s, many investment advisory companies were set up in the private sector offering closed-end mutual funds and in 1995, open-end funds were allowed in the private sector for the first time.